APPENDIX 4E

16 May 2019

Xero Limited

ARBN 160 661 183 (incorporated in New Zealand)

Reporting period

12 months to 31 March 2019

Previous reporting period

12 months to 31 March 2018

Results for announcement to the market

Amount (000s)

% change*

Revenues from ordinary activities

NZ$552,819

up 36%

Net loss from ordinary activities

NZ$(27,143)

up 9%

after tax

Net loss attributable to security holders

NZ$(27,143)

up 9%

*Xero Limited restated comparative balances on the adoption of NZ IFRS 9, NZ IFRS 15 and NZ IFRS 16. Percentage changes have been calculated from restated balances.

No dividends are proposed and no dividends were declared or paid for the reporting period.

Net tangible assets p​er share was NZ$0.45 per share at 31 March ​2019 (31 March 2018 (restated): NZ$0.52 per share).

For additional Appendix 4E disclosure requirements refer to Xero Limited's 2019 Annual Report.

Xero Limited (XRO)

Registered Address

www.xero.com

NZ Company no. 1830488

19-23 Taranaki St

ARBN 160 661 183

Te Aro

Wellington 6011

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Xero Limited published this content on 16 May 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 16 May 2019 07:52:07 UTC